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Post licensing 302 Study guide | Exam Questions Solved 100% Correct | Verified Solutions

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Post licensing 302 Study guide | Exam Questions Solved 100% Correct | Verified Solutions

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Post licensing 302 Study guide | Exam Questions
Solved 100% Correct | Verified Solutions

Is due diligence a bilateral or unilateral contract? - ✔✔unilateral contract



Executed contract - ✔✔all tasks performed



Executory contract - ✔✔task remaining to be done



Express contract - ✔✔intentions stated



implied contract - ✔✔inferred from conduct (actions)



DREAM OIL - ✔✔deed, restrictive covenants, easements, assignments, mortgages,
options, installment land contracts, leases (longer than 3 years), sales contracts.


counteroffer ____________ the original offer. - ✔✔voids



valid contract is formed when: (3) - ✔✔1. signed
2. initialed
3. communicated



Bilateral contract - ✔✔both parties must agree and both parties can terminate.



or - ✔✔giver

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